Madhapur: the affordable hubspot of Hyderabad

Madhapur is known as the best real estate suburb in Hyderabad. It is known for being a hub of information technology activity. The core of this region is known as Hitec City, and it has the city’s highest proportion of IT/ITES businesses.

In addition to modern residential complexes, the neighborhood provides worthy residences, making Madhapur a popular real estate destination for both tenants and purchasers. Located between HITEC City and Jubilee Hills, let us figure out why this area attracts a lot of buyers!

Prices

If you’re looking out for apartments in this locality then the starting price for a 1BHK flat is Rs 15 Lakhs. If you’re permanently shifting with your family then you’ll probably go for 2BHK flats that will cost you around 57 lakhs and a lavish 3BHK apartment price range will start from 70 Lakhs. But if you’re moving in for work or studies then renting an apartment will start from Rs 8000 for 1BHK, Rs 14000 for 2BHK, and Rs 18000 for 3BHK. You can choose to divide your rent amount if you find people like you moving in for an education. The real estate cost here is quite affordable, with the prices per square foot starting from Rs 7000.

Connectivity

Madhapur is connected via public transit alternatives like metro rail and local city buses, as well as the Outer Ring Road (ORR). The Rajiv Gandhi International Airport is 45 minutes distant via ORR, making it a popular choice for professionals who travel regularly. Aside from that, most essential amenities for inhabitants, such as foreign schools, hospitals, educational institutes, retail malls, and so on, are within a two-kilometer radius. Madhapur is one of the places likely to drive demand shortly, according to CBRE’s Real Estate Outlook, due to the availability of affordable home developments in the area.

What are the drawbacks of living in this locality?

• Madhapur faces an intense water crisis, especially during the summers. Most of the sectors depend on tankers for their daily needs. But some residential complexes do hire water tankers. Due to negligence, this water issue can be a major disadvantage.
• During monsoons, there is severe water clogging and there also the drainage systems are poor. The authorities are called and then the problem is being fixed every year.
• The ORR toll charges a toll for commuters traveling from one place to another. This could be a burden for a person traveling by road daily.

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.